David DeKeyser
All articles by David DeKeyser
Retailers who are on shaky ground will have a very hard time weathering the storm.
I see a few clear growth opportunities for growth for IBDs, that I’ll mention. But instead of chasing the Next Big Thing, many retailers would benefit by getting a handle on their business and building or preserving your store’s ability to react to trends quickly and painlessly.
Now that you are living the dream of owning a bike shop, have you stepped back to evaluate whether it got you where you wanted to be?
This week David responds to a retailer's question about payroll and occupancy costs.
As a retailer you may be feeling like you are fighting a never-ending uphill battle. I still feel that you can make great profits, however grim all the battles appear to be.
After business profitability, owning your store location, or at least having a transferable lease, makes it easier when it comes time to sell.
There are many ways to open and run a bike shop, but the list of options to exit the business is finite. First in a series of columns by David DeKeyser.
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